Assessing the Importance of Education in Entrepreneurship Development in Nigeria

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OJO Michael Olawale
Akinola Olaitan Titilayo
Gotip Nehemiah Wokji

Abstract

Education offers its recipients knowledge and skills that enable them to function effectively and efficiently in the world of work. Consequently, this paper assesses the importance of education in entrepreneurship development in Nigeria. The paper examined the skills needed for entrepreneurship, entrepreneurial opportunities available for Educators, sources of capital available to entrepreneurs and challenges of entrepreneurship development. A descriptive survey research design was used for the study. Twenty-five respondents were used. Five research questions were raised by the researcher.  Relevant data were obtained by means of structured questionnaire titled- Assessing the Importance of Education in Entrepreneurship Development in Nigeria Questionnaire (AIEEDNQ). The collected data were analyzed using frequency counts and mean. The results indicated that there were poor record keeping and irregular research and development. It was recommended that entrepreneurs should always keep proper records of their businesses, carry-out research and development regularly and Nigerian graduates should change from common knowledge of job seekers after graduation to job creators (entrepreneurs).

 

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